401k Limit 2024 Over 50

401k Limit 2024 Over 50. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). The 401(k) contribution limit is $23,000.

For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. The 401(k) contribution limit is $23,000.